Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between March 3rd and March 10th, 2024.
Welcome to the 185th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between March 3rd and March 10th, 2024.
🔥 The DeFi Bulletin
OrdiZK, a Bitcoin bridge, suffered a $1.4M rug pull.
ShapeShift, a cryptocurrency firm, agreed to pay $275K to settle with the SEC over its unregistered securities dealer charges.
SEC delayed its decision on BlackRock’s proposal for a spot Ethereum ETF, seeking public feedback instead.
MakerDAO implemented temporary fee hikes to prepare for a potential demand shock.
Grayscale and Coinbase also met with the SEC to discuss spot Ethereum ETFs.
Avalanche released its Durango upgrade, unveiling features like a “Teleporter,” which will boost subnet interoperability.
A piece by Coindesk speculates that the Ethereum Dencun Upgrade could mean near-zero fees for L2 chains.
Wormhole announced an airdrop of 617M $W tokens to its past users.
Aevo offered pre-market trading for its own token ahead of its upcoming airdrop on March 13th.
Kamino, a Solana protocol, set its $KMNO token airdrop to occur in April.
zkLink Nova, a platform for aggregating Ethereum Rollups onto one L3 network, was announced.
Injective’s inEVM L2 launched on the mainnet.
The Fellowship of Ethereum Magicians announced a proposal to add a new standard, ERC-7647, to create fungible NFTs.
Base announced its support for EIP-4844 from “Day 1” after the Dencun upgrade.
Revolut launched an ability to directly purchase crypto into MetaMask wallets with the goal of simplifying web3 usage.
Utila, an institutional crypto platform, secured $11.5M in seed funding.
Mirana Ventures announced its partnership with TON, which includes an $8M funding round for TON.
Firewall, a security insurance firm, closed a $3.7M pre-seed funding round.
Slack, an on-chain points startup, raised $3M in seed funding.
Scallop Protocol, a project on Sui, announced its $3M funding round.
Hedgehog Protocol closed its $1.5M funding round, aiming to use the funds to create a modular synthetic blockspace.
SX Network announced its strategic funding round, which raised an undisclosed amount of funding.
💵 State of the Stablecoins
Ethena Labs, a stablecoin project, raised $4M for its $USDe treasury.
Thanks for reading, and be sure to catch the 186th issue of The Defiprime Post out this time next week!